George Hoyt
About George Hoyt
George Hoyt is Assistant Secretary of PGIM Private Credit Fund and a Vice President and Corporate Counsel at Prudential, with fund officer service since September 2023 and a year of birth of 1965 . His biography notes prior senior legal roles at Franklin Templeton (Associate General Counsel; Secretary and Chief Legal Officer for certain funds, 2020–2023) and at Legg Mason (Managing Director, 2016–2020; Associate General Counsel, 2004–2020) . He is listed as Assistant Secretary and signs SEC tender offer documents for the Fund as of September 29, 2025 and November 6, 2025, confirming current status and responsibilities . The Fund’s proxy indicates officers are compensated by the Manager (PGIM Investments/Prudential), and officer-specific pay details are not disclosed at the Fund level .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Franklin Templeton | Associate General Counsel; Secretary and Chief Legal Officer of certain Franklin Templeton funds | 2020–2023 | Senior legal leadership across registered fund complex (as described in officer biography) |
| Legg Mason, Inc. (and predecessors) | Managing Director | 2016–2020 | Senior legal/management role (as described in officer biography) |
| Legg Mason, Inc. (and predecessors) | Associate General Counsel | 2004–2020 | Long-tenured legal leadership (as described in officer biography) |
External Roles
- No public company board directorships or external committee roles for Hoyt are presented in the 2025 DEF 14A officer biography section .
Fixed Compensation
- Officers’ compensation is paid by the Manager; the Fund does not pay officer salaries/bonuses, and the proxy does not disclose officer-specific amounts or pay structures at the Manager level .
Performance Compensation
- The proxy does not disclose individual officer incentive plan metrics, targets, vesting schedules, or equity awards for Hoyt; officers are compensated by the Manager and are not included in Fund compensation tables .
Equity Ownership & Alignment
2025 ownership snapshot (as of June 30, 2025)
| Holder | Shares | Ownership % |
|---|---|---|
| George Hoyt | — | — |
| All officers and trustees (18 persons) | 23,907.225 | * (less than 1%) |
| Pruco Life Insurance Company (affiliate) | 5,895,056.741 | 89.41% |
2024 ownership snapshot (as of June 30, 2024)
| Holder | Shares | Ownership % |
|---|---|---|
| George Hoyt | — | — |
| All officers and trustees (18 persons) | 21,178 | * (less than 1%) |
| Prudential Insurance Company of America | 4,562,225 | 99.9% |
Notes:
- The proxy reports “—” for Hoyt in the executive officer ownership table, indicating no beneficial ownership reported; the filings do not provide vested/unvested breakdowns, pledging, or hedging disclosures specific to Hoyt .
Employment Terms
| Item | Detail |
|---|---|
| Fund officer title | Assistant Secretary |
| Start of fund officer service | Since September 2023 |
| Current status evidence | Signatory as Assistant Secretary on Schedule TO filings dated Sep 29, 2025 and Nov 6, 2025 |
| Employment agreement / severance / change-of-control terms | Not disclosed for Hoyt at the Fund level; officers are compensated by the Manager and are not covered in Fund-level officer compensation disclosures |
Investment Implications
- Alignment and insider-sell overhang: No beneficial ownership is reported for Hoyt in 2024 or 2025, which limits direct alignment via Fund equity and suggests minimal near-term insider selling pressure attributable to him .
- Pay-for-performance visibility: Officer compensation is paid by the Manager (PGIM Investments/Prudential) and is not detailed in the Fund’s proxy, limiting transparency into Hoyt’s salary/bonus/equity mix, incentive metrics, vesting, and severance/change-of-control protection at the Manager level .
- Role materiality: Hoyt serves in legal/administrative officer capacity (Assistant Secretary) rather than a portfolio investment role; his direct influence on Fund investment performance is likely limited, while his responsibilities include governance and regulatory documentation (evidenced by Schedule TO signatory) .
Citations:
- DEF 14A (2025): Officer biography for Hoyt (title, tenure, prior roles, YOB)
- DEF 14A (2025): Compensation of Board Members and Officers (Manager pays officer compensation)
- DEF 14A (2024): Compensation of Board Members and Officers (Manager pays officer compensation)
- DEF 14A (2025): Security ownership table (Hoyt “—”; group shares; Pruco Life 89.41%)
- DEF 14A (2024): Security ownership table (Hoyt “—”; group shares; PICA 99.9%)
- SC TO-I/A (Nov 6, 2025): Signed by “/s/ George Hoyt,” Assistant Secretary
- SC TO-I (Sep 29, 2025): Signed by “/s/ George Hoyt,” Assistant Secretary